US restaurant chain TGI Fridays files for bankruptcy
TGI Fridays has filed for Chapter 11 bankruptcy in Texas, aiming to restructure and explore strategic alternatives for long-term viability. The company's 39 US owned restaurants will remain operational, while 56 US franchises and 40 international locations are not affected. The pandemic and capital structure issues are cited as primary reasons.
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
TGI Fridays has filed for Chapter 11 bankruptcy in Texas, aiming to restructure and explore strategic alternatives for long-term viability. The company's 39 US owned restaurants will remain operational, while 56 US franchises and 40 international locations are not affected. The pandemic and capital structure issues are cited as primary reasons. 
